Selloff by foreign investors behind Nikkei plunge
NHK -- Jan 16
Foreign investors sold more shares than they bought in the Tokyo market last week, triggering 5 consecutive days of decline in the key stock index.

The Nikkei average tumbled from the year's opening on January 4th on concerns over the Chinese economy and falling crude futures. This was the first time in postwar history for the Nikkei to fall for the first 5 trading days of a year.

Officials at the Tokyo Stock Exchange say sales of shares by overseas investors topped purchases by 447.1 billion yen, or about 3.8 billion dollars, last week.

That's a scale not seen since September of last year, when share prices continued to fall on concerns over the Chinese economy.

It was the first time in 2 weeks that overseas investors sold more than they bought.

News source: NHK
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